U.S. Stocks Rise As Solid Economic Data Soothe Jitters

By Sue Chang Markets MarketWatch Pulse

U.S. stocks rose on Thursday as investors's sentiment, battered by political uncertainty surrounding President Donald Trump, stabilized on a positive reading on jobless claims. Initial jobless claims dropped by 4,000 in the latest week, the second-lowest reading since the beginning of the eight-year-old economic recovery. A rebound in technology stocks also helped to pace the market's gains. The S&P 500 rose 8 points, or 0.4%, to close at 2,365. The Dow Jones Industrial Average climbed 54 points, or 0.3%, to end at 20,661 while the Nasdaq Composite Index advanced 43 points, or 0.7%, to close at 6,055.

Continue Reading Below

Copyright © 2017 MarketWatch, Inc.